That's blatantly false. Many have been caught trying to circumvent via VPN or similar, it's just impossible to catch quite everyone no matter how hard you try.
>which country they're domiciled.
Malta?
https://www.coindesk.com/binance-doesnt-have-a-headquarters-...
In fact "Malta ... question mark?" is about as much information as we have.
And the KYC evade is just based on opening more accounts before you reach their threshold. Because rather than operating like a real business, requiring everyone to provide KYC during onboarding, they just look the other way.
Binance has never been in Malta, in fact they are not located anywhere. I would be very cautious in dealing with them because to me that kind of approach to regulation doesnt sound healthy.
Oh my god lol.
> [Binance established their headquarters in Malta] soon after the Maltese government passed laws that provided a regulatory framework for businesses operating in the Cryptocurrency and Blockchain industry. The regulation officially passed into a law on July 4th 2018. Malta remains the only country in the world to officially pass such laws.
The Coindesk article from 2020 states:
> Until February [of 2020], Binance was considered to be based in Malta. That changed when the island European nation announced that, no, Binance is not under its jurisdiction. Since then Binance has not said just where, exactly, it is now headquartered.
And quotes CZ:
> “Well, I think what this is is the beauty of the blockchain, right, so you don’t have to … like where’s the Bitcoin office, because Bitcoin doesn’t have an office.” [1]
The Wikipedia article is stale, and incorrect on the basis of the subsequent statements from executives involved.
The beauty of blockchain indeed.
[1] https://www.coindesk.com/binance-doesnt-have-a-headquarters-...